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Frederick Street, Derby, Derbyshire, DE22 3GE

PROPERTY TYPE

End of Terrace

BEDROOMS

2

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Floorplan 1Floorplan 2
3

Key features

  • Attention Investors - Two Bedroom, Unfurnished End Of Terrace With Attractive Yield
  • Current Gross Rental Income; £875pcm = £10,500 per annum
  • Current Gross Yield; 7.24%
  • Sought After Location, Minimal Void Periods
  • Immediate Rental Income Upon Completion
  • Two Double Bedrooms
  • Two Spacious Reception Rooms, Rear With Open Plan Modern Fitted Kitchen
  • Low Maintenance Rear Courtyard
  • EPC Rating - D
  • Council Tax Band - A

Description

Presenting an outstanding investment opportunity, this two-bedroom, end-of-terrace house on Frederick Street, Derby, is now available for sale with offers in the region of £145,000. This unfurnished property boasts an attractive current gross rental income of £875 per calendar month, equating to £10,500 per annum, and delivers an impressive gross yield of 7.24%. For investors, this translates to immediate rental income upon completion, coupled with a history of minimal void periods, making it a highly desirable asset for any portfolio.

The property itself is thoughtfully laid out, offering comfortable living spaces. Upon entering, you are greeted by two spacious reception rooms, providing ample flexibility for dining and relaxation. The rear reception room seamlessly transitions into an open-plan, modern fitted kitchen, creating a contemporary and functional heart for the home. This design maximises space and light, ideal for modern living.

Upstairs, the house features two generously sized double bedrooms, offering comfortable accommodation. A well-appointed bathroom serves both bedrooms. The property benefits from an EPC Rating of D and falls within Council Tax Band A, indicating reasonable running costs.

Externally, the property includes a low-maintenance rear courtyard, providing a private outdoor space without the demands of extensive upkeep. Its end-of-terrace position often affords additional light and privacy.

Frederick Street is situated in a sought-after area of Derby, known for its convenience and accessibility. The location is highly appealing to tenants, contributing to the property's strong rental performance and minimal void periods. Residents benefit from proximity to local amenities, transport links, and employment opportunities, all of which enhance its investment appeal.

This property represents a compelling proposition for both seasoned investors and those looking to enter the buy-to-let market. Its strong yield, desirable location, and immediate income potential make it a rare find. Early viewing is highly recommended to fully appreciate the value and opportunity this Frederick Street home offers.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Permit
GARDENA property has access to an outdoor space, which could be private or shared.
Private garden
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Frederick Street, Derby, Derbyshire, DE22 3GE

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Affordability

Monthly repayments£728
Property: £ 145,000
Deposit: £ 14,500
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Extension potential
Recently sold & under offer
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About Cope & Co, Derby

Canterbury House, Stephensons Way, Derby, DE21 6LY
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We are a team of passionate property people on a mission to be a new breed of estate agent in your area.

At Cope & Co., we intertwine the strength of family values with professional expertise to guide every client towards their home and property objectives.

We pledge to understanding each client's individual journey and ensure that every step is personal, proficient, efficient and in harmony with their goals.

A new home is far more than just money, bricks and mortar. It's a place to call your own and create unforgettable memories. It's an opportunity for growth and independence. It's a way of starting a new chapter, planning for the future, and building the life you want to live.

We are a friendly team of local property experts, selling and letting homes across the whole of Derbyshire and East Staffordshire. Our goal is to provide a first-class service and to offer a personal and proactive approach that we believe is paramount to helping our customers achieve property success.

When you buy, sell, let or rent through Cope & Co, you'll be working with professionals who understand the true value and importance of a home. We will support you at every stage of your property journey to help you achieve your individual objectives.

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Disclaimer - Property reference PRF_DRB_LFSYCL_575_764528049. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Cope & Co, Derby. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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